Revamping Slums: PMC's Ambitious Rehabilitation Scheme to Transform 22 Pockets in Pune
Pune Municipal Corporation to launch slum rehabilitation scheme under Pradhan Mantri Awas Yojana, transforming 22 pockets in the city.
Slum RehabilitationPune Municipal CorporationPradhan Mantri Awas YojanaAffordable HousingMahareraReal Estate PuneSep 30, 2024
The scheme has been cleared by the Maharashtra Real Estate Regulatory Authority (MahaRERA), and the PMC is currently in the process of finalizing the tendering process. The project is expected to be completed within the next three years, with a total investment of Rs 1,200 crore.
The 22 pockets identified for the rehabilitation scheme are spread across various wards in the city, including Warje, Kothrud, and Dhankawadi. The PMC has already conducted a thorough survey of the slums, identifying a total of 10,000 families that will benefit from the scheme.
Under the PMAY, the central government provides a subsidy of Rs 1.5 lakh to each beneficiary, while the state government contributes Rs 1 lakh. The remaining amount is borne by the beneficiary themselves.
The PMC has also partnered with private developers to execute the project. The developers will be responsible for constructing the housing units, while the PMC will provide the necessary infrastructure, including roads, water supply, and sewage systems.
The slum rehabilitation scheme is a major step towards transforming the urban landscape of Pune. With the city's population growing rapidly, the need for affordable housing has become a pressing issue. The PMC's initiative is expected to not only provide dignified housing to slum dwellers but also free up valuable land in the city, which can be used for other development projects.
In addition to the PMAY, the PMC is also exploring other options to address the issue of affordable housing in the city. The civic body has proposed a new policy for affordable housing, which includes provisions for incentivizing private developers to construct affordable housing units.
Information
The Pradhan Mantri Awas Yojana (PMAY) is a flagship program of the central government, launched in 2015. The scheme aims to provide affordable housing to all by 2022. The PMAY has two components - the Credit Linked Subsidy Scheme (CLSS) and the Affordable Housing in Partnership (AHP).
Pune Municipal Corporation (PMC) is the civic body responsible for governing the city of Pune. The PMC is committed to providing quality infrastructure and services to its citizens, and has launched several initiatives to address the city's growing needs.
Frequently Asked Questions
What is the Pradhan Mantri Awas Yojana (PMAY)?
The PMAY is a flagship program of the central government, launched in 2015, which aims to provide affordable housing to all by 2022.
How many pockets have been identified for the slum rehabilitation scheme in Pune?
22 pockets have been identified for the slum rehabilitation scheme in Pune.
Who will construct the housing units under the scheme?
Private developers have been partnered with by the PMC to construct the housing units.
What is the total investment for the project?
The total investment for the project is Rs 1,200 crore.
How many families will benefit from the scheme?
10,000 families will benefit from the scheme.
Tags:
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.